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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (101276)	3/22/2000 11:07:00 AM
From: Elmer	Respond to of 186894

Re: "Do we sell and pay taxes on $140+ in gains? " Write some CCs. EP

To: Robert Douglas who wrote (101276)	3/22/2000 11:21:00 AM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Robert, Don't get me wrong, I do think Intel WILL be worth $144, I'm just not sure it is worth it TODAY. And I'm in the same boat in regards to cap gains. So as Elmer suggested you can sell covered calls to offset some of the tax bite or you can just hold, and expect that the stock will probably retreat from the present level, but eventually be worth more than it is trading for today. Or, maybe Intel IS worth $144 today? John

To: Robert Douglas who wrote (101276)	3/22/2000 11:30:00 AM
From: Ibexx	Read Replies (2) \| Respond to of 186894

If your cost base is $2, then your INTC investment has gained approximately 7000% - a 70 bagger. Surely you can afford the long-term capital gain tax rate of 28%. But why sell in the first place? - You've been doing great just holding, unless you have better plans for the proceeds. Ibexx